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News Archive
22/3/2025
Boosting local economies
A Bill designed to create jobs and drive economic growth across Scotland by promoting investment in communities has been published today. The Community Wealth Building Bill is the first of its kind in the world and would require councils, National Health Service boards and other public bodies to take forward measures which boost their local economies.22/3/2025
Limited space for businesses on Digital Tourism Support programme
Businesses in the tourism sector and its supply chain in the Highland Council area are being encouraged to secure a place on the Digital Tourism Support Programme. The programme is offering support to eligible businesses and social enterprises of up to three days of free, personalised, one-to-one digital advice from industry experts.22/3/2025
£100 million to revamp local sports facilities across UK
People across the UK will benefit from upgraded sports facilities in their local area thanks to £100 million invested by government today. Major package to upgrade hundreds of local grassroots sports facilities with new and improved pitches, changing rooms, goalposts and floodlights.
22/3/2025
Nature boost - Government launches first action plan on pesticides in a decade
The UK Pesticides National Action Plan sets out how the Government will work collaboratively with farmers to minimise the impacts of pesticides on people and the environment. It will support our farmers, growers, and other land managers to manage pests sustainably, safeguarding crops and boosting productivity The NAP, which follows the ban on neonic pesticides in England, includes a domestic target to reduce potential environmental harm from pesticides Environmental risk from pesticides is to be reduced by 10% over the next five years under a new plan set out by all four UK Governments today (Friday 21 March).
22/3/2025
Business insights and impact on the UK economy
More than a quarter (26%) of trading businesses reported that their turnover had decreased in February, compared with the previous calendar month; this is down 2 percentage points from January, but in line with historical movements seen at this time of year. Approximately one in seven (14%) trading businesses reported that they expect their turnover to decrease in April 2025, broadly stable with expectations for March; however, this is 4 percentage points higher than April 2024, suggesting businesses are less optimistic than they were at this time last year.22/3/2025
Earnings and employment from Pay As You Earn Real Time Information UK: March 2025
Early estimates for February 2025 indicate that the number of payrolled employees broadly stayed the same compared with February 2024, at 30.4 million; a small rise of 0.2% or 67,000 employees. This change was highest in the health and social work sector, a rise of 92,000 employees, and lowest in the accommodation and food service activities sector, a fall of 64,000 employees.22/3/2025
Sports broadcast and production companies fined £4 million in freelancer pay investigation
Sky, BT, IMG, ITV and BBC admitted to breaking the law after colluding on rates of pay for freelancers. An investigation by the Competition and Markets Authority (CMA) found some of the largest sports broadcast and production companies in the UK shared sensitive information about fees for freelance workers such as camera operators and sound technicians.
22/3/2025
Progress update on redress for postmasters subject to bankruptcy orders - 21 March 2025
An update on progress for redress for postmasters subject to bankruptcy orders who are due redress for losses suffered as a consequence of the Post Office's Horizon IT system. Bankruptcy and its impact on the Horizon IT redress schemes is complex, therefore, the Official Receiver is contacting the affected former postmasters to help work through their options.22/3/2025
ONS figures reinforce challenges for next week's Spring Statement
Isabel Stockton is a Senior Research Economist at the Institute for Fiscal Studies. Responding to today's ONS figures on public finances, they said, "Today's data on government spending, borrowing and revenues underscore the challenges facing the Chancellor as we head into the week of the Spring Statement.
22/3/2025
Plans to boost skills and diversity in UK cyber backed by tech giant IBM
Technology giant IBM have backed plans to diversify the UK's cyber sector and encourage young people into cyber careers. Global tech giant IBM to provide platform for flagship cyber skills programme for girls - boosting diversity in the booming £13 billion cyber sector as more young people explore careers in cyber.
22/3/2025
UK sanctions freeze £25bn of Russian assets
New figures released show the impact of UK sanctions on Russia. New data released on 21 March reveals the full effect of UK sanctions on Russia - with over £25 billion of Russian assets reported frozen since Russia's illegal invasion of Ukraine.22/3/2025
Jobs treading water and wages cooling ahead of big tax and minimum wage changes in April
The number of payrolled jobs has flatlined and average total weekly pay levels have fallen by 1 per cent in real terms since October, adding to a picture of wider economic stagnation ahead of the Chancellor's Spring Statement and big policy changes coming into effect this April, the Resolution Foundation said. The latest HMRC payroll data showed that employee jobs have been broadly flat since May - growing by just 3,000 (0.01 per cent).21/3/2025
Why You Should Check Your Monthly Subscriptions Regularly - Manchester tech companies shut down for suspected monthly direct debit scam
Consumers appeared to be signed up for monthly payments without their consent. Concerns were raised that tech companies Affinity Technology Solutions Limited and RCSR Tech Limited were operating a direct debit scam.21/3/2025
How to stop the economy from collapsing - Gary Stevenson
Gary Stevenson was highly successful trader and more recently makes videos about economics and is widely acknowledge to be on of the most successful at explaining the topic. Gary Stevenson (born 1986) is a British economist, former financial trader, and YouTuber known for his economic analysis and activism against economic inequality.
21/3/2025
Key appointments form core leadership team at Inverness Castle Experience
The Inverness Castle Experience is delighted to announce the appointment of three senior roles, adding to its leadership team ahead of its highly anticipated opening later this summer. The Inverness Castle project is part of the Inverness and Highland City-Region Deal, which is a joint initiative supported by up to £315m investment from the UK and Scottish governments, The Highland Council, Highlands and Islands Enterprise and University of the Highlands and Islands, aimed at stimulating sustainable regional economic growth.21/3/2025
With so much going wrong in our world, being angry is the thing to be - Richard Murphy Lets It Rip
Anger has a bad name. Too often, we're now told being angry is unacceptable.
21/3/2025
Bluefin tuna fishery applications set to open
Fishers with commercial licences who want to apply for an authorisation to fish commercially for bluefin tuna in English waters in 2025 can start the process from 20 March 2025. Marine Management Organisation (MMO), in support of Defra, has published guidance to support fishers through the application process and explain how the fishery will operate this year.
21/3/2025
No Change As Bank Rate Maintained at 4.5% - March 2025
The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary stance required to achieve the inflation target sustainably.21/3/2025
Highland Coincillors approve ambitious Talent Strategy to foster growth and innovation
Members of today's Corporate Resources Committee (Thursday, 20 March) were presented with and approved the organisation’s Talent Strategy and Talent Action Plan These have been designed to support initiatives to grow and retain talent within the Council, ensuring a sustainable workforce for the future. The Talent Action Plan includes initiatives such as developing apprenticeship programmes, enhancing diversity and inclusion, and promoting flexible work models.21/3/2025
New Report reveals young people nearly fives time more likely to be put out of work
New Keep Britain Working Review report reveals an increase of 1.2 million young people with work limiting health conditions Nearly 1 in 4 people out of work due to ill health are under 35 - underlining the need for government's employment and welfare reforms. Government to consider independent recommendations on partnering with employers to keep young people in work Follows sweeping package of welfare to reforms to unlock work and boost living standards as part of the government's Plan for Change.
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